$BNB (Binance Coin) is the native cryptocurrency of Binance, one of the largest exchanges in the world. Created in 2017, initially on the Ethereum network, it migrated to its own blockchain, the BNB Chain. It is used to pay fees on Binance with a discount, participate in launches (Launchpad), games, NFTs, and much more. It also serves as a governance token on the BNB Chain. Binance periodically burns (removes) a portion of the coins, which reduces the supply and can increase its value over time. BNB is one of the most valuable cryptocurrencies in the market.